Jump Financial LLC Sells 1,485 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Jump Financial LLC lessened its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 24.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,700 shares of the semiconductor manufacturer’s stock after selling 1,485 shares during the period. Jump Financial LLC’s holdings in Skyworks Solutions were worth $528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWKS. Pacer Advisors Inc. lifted its position in shares of Skyworks Solutions by 40.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock valued at $180,083,000 after acquiring an additional 465,223 shares during the period. AQR Capital Management LLC raised its holdings in Skyworks Solutions by 42.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock worth $112,951,000 after purchasing an additional 338,838 shares during the last quarter. LSV Asset Management boosted its position in Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after acquiring an additional 338,820 shares during the last quarter. Invesco Ltd. grew its holdings in Skyworks Solutions by 11.8% during the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after acquiring an additional 321,243 shares during the period. Finally, AustralianSuper Pty Ltd bought a new position in shares of Skyworks Solutions in the 4th quarter worth about $29,522,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 1.7 %

Shares of Skyworks Solutions stock opened at $92.45 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The stock has a market capitalization of $14.83 billion, a P/E ratio of 17.38, a P/E/G ratio of 4.41 and a beta of 1.35. Skyworks Solutions, Inc. has a 52-week low of $85.06 and a 52-week high of $115.69. The stock’s 50-day simple moving average is $100.55 and its 200 day simple moving average is $102.22.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 5.22 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s payout ratio is currently 51.13%.

Insider Activity at Skyworks Solutions

In related news, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. UBS Group dropped their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Benchmark downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. B. Riley increased their target price on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $106.25.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.